Overview:
Significant and perpetual rise in incidence of cardiovascular diseases, advancements in telemetry and remote patient monitoring and advent of home-based cardiac care have given a surge in demand for cardiac monitoring devices globally. ECG devices comprise the largest segment in the cardiac monitoring devices. Prime driving factors to the growth and dominance of this segment include phenomenal rise in incidence of lifestyle-related cardiovascular diseases, fundamental relevance of ECG monitors in cardiology and continuous technological innovation in home care products. On the other hand, lack of skilled technicians and medical personnel in cardiac monitoring and ECG solutions and overwhelming pressure to contain healthcare costs may hamper the growth of this market during the forecast period.
Hospitals and clinics form the largest user group for cardiac monitoring devices, followed by home care users. Surge in demand for remote monitoring and long term home care for geriatric patients facilitate the fastest market growth for home care segment. Geographically, Asia Pacific and Middle East and Africa are the fastest progressing markets for cardiac monitoring devices. Significant rise in incidence of cardiovascular diseases in the general population on the grounds of sedentary lifestyle and rapid evolution of healthcare infrastructure are the key drivers in these regions. Burgeoning medical devices market and upswing in medical tourism will further contribute to steady growth in demand cardiac monitoring devices in Asian markets.
The global cardiac monitoring devices market is segmented on the following bases:
1. Devices
a. Electrocardiogram (ECG) Devices
i. Stress ECG Devices
ii. Resting ECG Devices
b. Event Monitors
c. Holter Monitors
d. Cardiac Output Monitoring Devices
e. Implantable Loop Recorders
2. End-users
a. Hospitals
b. Home Care
c. Academia and Others
3. Geography
a. North America
i. US
ii. Canada
b. Europe
i. UK
ii. Germany
iii. Rest of Europe
c. Asia Pacific
i. Japan
ii. China
iii. Rest of APAC
d. Latin America
e. Middle East and Africa
Key players identified for cardiac monitoring devices market include but are not limited to:
Medtronic, Inc., Boston Scientific Corporation, Philips Healthcare, GE Healthcare, St. Jude Medical, Edwards Life Sciences, Sorin S.P.A, Mortara Instrument Inc, Biotronik Se & Co.Kg, Cardiac Science Corporation, Schiller AG. and several others
This report offers:
- An overview of the global markets for cardiac monitoring
- Market trends assessment for the period 2013-2023, with historical information for 2013 & 2014, and projections through 2023, with respective CAGRS during 2016-2023
- Qualitative assessment tools such as market drivers, challenges and future prospects, major commercial events, etc.
- Market competition scrutiny tools such as Porter’s five forces analysis, market share assessment, attractive investment proposition and others
- Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
- A general overview of the industry structure
- Company profiles highlighting key information about the major players operating in the cardiac monitoring devices market
